Australians are cutting back on basic things like fresh fruit and vegies in order to keep the lights on with the National Debt Helpline taking 14,000 calls in September a record for the month, and up 14 per cent on the same time last year. The helpline said borrowers were mainly calling from metropolitan…
Noble Group Ltd.s sale of its oil business to Vitol Group probably buys the embattled commodity trader time. But even if it survives long enough to complete the deal, theres still an almighty struggle ahead: the near-inevitable restructuring of over $3 billion in debt. Analysts at BNP Paribas SA, Nomura Holdings Inc., JPMorgan Chase &…
Bumps in the road I know of two male executives who have been looking for roles. These are highly qualified and experienced men with excellent track records in large listed companies one at CEO level. Both have hit what you might call bumps in the road recently. One experienced a downturn which led to the…
Tata Steel and the Ruias themselves have put in bids for debt-laden Essar Steel after the company was put up for sale under the Insolvency and Bankruptcy Code (IBC). Sajjan Jindal-led JSW Steel, aggressive in bidding for Monnet Ispats and Bhushan Steels businesses, is said to have skipped submitting a resolution plan for Essar…
Saving for retirement isn’t a top priority for many young professionals, but Great-West Lifeco Inc. thinks it can change that by addressing heavy student debt loads. The life and health insurer is rolling out a new program to its client companies that will allow eligible employees to pay off their student debt while also getting…
Anthony Joshua insists he will not make the same mistakes as boxing’s bankrupt superstars as he prepares for the fourth defence of his IBF heavyweight title against late replacement Carlos Takam on Saturday night. Joshua’s earning potential has rocketed along with his profile since he emphatically announced his arrival on the world…
Saving for retirement isn’t a top priority for many young professionals, but Great-West Lifeco Inc. thinks it can change that by addressing heavy student debt loads. The life and health insurer is rolling out a new program to its client companies that will allow eligible employees to pay off their student debt while also getting…
Canberra cloud provider 4Data has gone bust for the second time in as many years after its director was ordered to pay $3.5 million to the Australian Taxation Office. The previous incarnation of Digital Digest Data Design (4Data) traded for 21 years before entering administration in May 2015, and was subsequently liquidated. The company pinned…
KERRY Katona has been a household name ever since she burst onto the scene as part of pop group Atomic Kitten. Since then she has continually hit headlines thanks to stints on TV shows, being bankrupt and her very turbulent and public love life. But just what else is there to know about Kerry, and how…
Ambit Flowers ARC, an asset restructuring joint venture between Mumbai-based brokerage Ambit Capital and US private equity firm JC Flowers, plans to raise up to $1 billion from global investors to invest in distressed assets under insolvency proceedings. The asset reconstruction company plans to raise $150-250 million in the first tranche, two persons familiar with…